CBP Reminds Trade of ADD/CVD Deposit Requirements

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In an October 5 Cargo Systems Messaging Service transmittal, CBP issued an “important reminder” to all importers & brokers that the importer of record must deposit estimated ADD/CVD when certain Post-Summary Corrections or Post Entry Amendments are filed. Two situations are in view:

When the PSC/PEA is filed to change the Entry Type Code from 01 to 03. (However, if the correct deposit rate is zero, CBP should not require a deposit.) Although not mentioned in the CSMS, the requirement would also apply when the Entry Type is changed from 02 (Quota/Visa) to 07 (Quota/Visa-ADD/CVD Combination). This would also be true in the extremely rare instance of an Entry Type being changed from 01 to 07.
When a PSC/PEA is filed to change/correct a Type 03 entry & that change results in additional ADD/CVD being owed. (Again, this would apply to Entry Type 07.)

CBP cautions the trade that an importer’s failure to deposit estimated ADD/CVD may result in assessment of liquidated damages.

CBP should not be expected to require additional bonding in the above circumstances. If they do, contact your Roanoke Bond Service Representative immediately. Any such bond would require specific approval by the surety.

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